Ending Diagonal ??

Dear All,

>Click the Chart to see on full screen<

Earlier have suggested about the possible extension of 5th wave, and now it seems like an ending diagonal.

Break below may give a good fall.


>>> DLF <<<

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DLF below 20dma and MACD and RSI on Negative Divergence - Long Holders Stay Cautious.


>>RELINFRA<<

>Click the Chart to see on full screen<

Sent on Jan 17, 2013 01:34:22 PM ****N4A-STOCK-ALERT**** Buy RELINFRA above 530. SL below 524. Target 535,542 and 548(all spot lvl)

Sent on Jan 21, 2013 11:41:14 AM ****N4A-STOCK-UPDATE**** RELINFRA near 2nd Target 542. Buy given at 530. Profit 500x12=Rs.6000/-

Achieved 548 also, Made a High of 551. All Target Done. Profit 500 X 18 = Rs.9000/-

Weekly Review - 21.01.2013

Dear All,

Last Week Market moved up on News flows like GAAR and Positive Inflation data.

Now Mr.PC is busy in bringing down fiscal deficit, if he takes aggressive steps can spike inflation which may prevent RBI from cutting rates. Deregulation of diesel price is not a good news for Inflation.

Challenges ahead for Mr.PC is reforms in mining policies related to land acquisition and steps to bring down inflation shall going to be more difficult in coming days.

Although FM had assured India Inc that "The government will take all steps to contain fiscal deficit and pursue reforms to deal with economic challenges" and pointed out that " he had a plan to restrict the fiscal deficit to 3 per cent of GDP by 2016-17".

Pre-Election Year :-

Market usually worries in Pre-Election Year as there can be a Vote Bank Budget, as Last time Mr. PC did the following in 2008 before election.

In 2008, a year before general elections, Chidambaram announced a scheme to waive farm loans, which ended up touching 36.8 million farmers and cost the government Rs 65,000 crore.

He also accepted the recommendations of the Sixth Pay Commission for government employees, costing the government Rs 47,500 crore, including Rs 27,000 crore as arrears from 2006.

Meanwhile at present Govt not ready to wait till the budget as Government has just hiked Railway passenger freight after a period of 10 yrs and also cut the subsidy for diesel to deregulated.

Also Started 'Direct Cash Transfer' Scheme to replace the current delivery
mechanism of social schemes including subsidised food grains, kerosene and fertilisers. Of the total 34 welfare schemes, ones included under the first phase are Janani Suraksha Yojana, MGNREGS, District welfare schemes, Rural Development Schemes and student scholarships and stipends. Fertilizer, LPG, Kerosene and food have been kept out in the initial phase.

Its very hard to find out the result of Direct cash transfer scheme at this stage as it was aimed at vote bank in forth coming election.

But Govt should reduce its subsidy bill from 2.5% of GDP to 1.5% of GDP very soon to drive growth for India Inc.

Ok lets go to Technicals..

>>>NIFTY - DAILY <<<

>Click Chart to see on full screen<

>Click Chart to see on full screen<

>>>NIFTY - HOURLY <<<

>Click Chart to see on full screen<

Over all Picture shows On Daily as well as Hourly - a Bearish Scenario.

Only Daily Chart a Evening Star Near the Channel top seems to be a Cautious Signal.

Hourly Chart EW Count Suggest 2 Possible Alternatives:-

1) Friday’s Top 6083 shall be assued as end of 5th wave, if so,should break below 6024 and 6008 or the channel line supportto fall further.

2) or 5th wave making an extesntion as shown in green color,as 6083 is sw(i) and should find support near 6024 or 6008 for (ii)to bounce back for next upmove.

>>BANK NIFTY - HOURLY <<

>Click Chart to see on full screen<

Bank Nifty give above is Hourly Chart - Seems like 4th wave abcde consolidation of final leg of Upmove. Count is valid only if holds above 12523 as shown on chart with Red Arrow mark.

If this count is not wront, one more bounce not ruled out.

>>SBIN<<

>Click Chart to see on full screen<

SBI seems to have given a break out earlier and a volatile trade between the breakout line raises question about Break out.
As bank nifty also in the last leg of upmove, will SBI IHS pattern break out changes the entire outlook ????

>Performance<

>Click image to see on full screen<

Again Boncing !!!

Dear All,

>Click the Chart to see on full screen <

Unlike Yesterday, Nifty bounced after taking support near 5990.

Updated above chart is a alternative for bull scenario as Yesterday fall was market as a 4th wave. If that was the case so upmove may continue for few days, with lot of Volatile.

Support :- 5990,6010,6020,6030 and 6040
Resistance :- 6050 6070 and 6090

Lets see!!!

Bears are Back !!!

Dear All,

Gave Yesterday :-

>Click the Chart to see on full screen<

Yesterday wrote about channel Resistance

Happened and Yet to :-

>Click the Chart to see on full screen<

Today Nifty returned back before touching the Upper Resistance Line, Seems to be falling down towards the lower end of the channel.

Support :- 5990 5970 and 5940

Resistance :- 6020 and 6040

>Reliance Infra <

>Click the Chart to see on full screen<

Reliance Infra looks weak if breaks and trades below 532 may fall badly.

We had a sell on this stock and made profit as follows

Sent on Jan 16, 2013 09:23:54 AM ****N4A-STOCK-ALERT**** Sell RELINFRA below 552. SL above 557. Target 545 and 535 (all spot lvl) http://niftyforall.blogpsot.in

3:06:07 PM ****N4A-STOCK-UPDATE**** RELINFRA NEAR FINAL TARGET 535. BOOK 500 x 17=8500/- ENJOY


>PANTALOON RETAIL<

>Click the Chart to see on full screen<

Pantaloon Retail broken down the Head and Shoulder and gave us a Big Profit Today.

See the Performance as follows

11:21:36 AM ****N4A-STOCK-ALERT**** Sell PANTALOONR below 252. SL 258. Target 245 and 240 (all spot lvl)

3:20:20 PM ****N4A-STOCK-UPDATE****PANTALOON 242. SELL GIVEN AT252. PROFIT 2000x10=RS.20000/- BOOK PROFIT

Lets See!!! Cheeers!!!

Is it a Bull ??

Dear All,

Gave Yesterday :-

>Click the chart to see on full screen<

Happened and Yet to :-

Nifty may face a resistance at the channel top as shown on chart.

Resistance 6074-80.

> Ambuja Cement <

Gave Yesterday

Happened and Yet to :-

(1/14/2013 3:17:08 PM): ****N4A-STOCK-ALERT*** Buy AMBUJA above 189-90. sl below 185. Target 200 and 220 (all spot lvl)

(1/15/2013 2:35:33 PM): ****N4A-STOCK-UPDATE**** AMBUJACEM near first target 200. cmp:199. Buy given at 190. Should Book near 200. Profit 2000X10=20,000. Risky Traders Hold SL CTC

Lets See!!!. Cheers!!!

Bulls Strike Again

Dear All,

>Click the chart to see on full screen<

Finally, Bulls Back again, Broken the channel and traded above 6010 and 6030, Clearly shows the Uptrend in coming days.

Resistance :- 6034,6055,6087 and 6126

Support :- 6008,5978 and 5960

>>Ambuja Cement<<

>Click the chart to see on full screen<

Ambuja Cement took support at the Bottom of the Channel - Shows a good Bounce on Card. Lets See!!! Cheers!!!

Weekly Review - 14.01.2013

Dear All,

>>Weekly Chart - Nifty<<

As given Last Week :-

>Click the Chart to see on full screen<

Happened and Yet to :-

>Click the Chart to see on full screen<


Weekly Chart shows 5951 tested - which is 78.6% retrace. A break below next week may give a good correction.

>>Daily Chart - Nifty<<

As given Last Week :-

>Click the Chart to see on full screen<

Last week Suggested that "Hanging Man" on Chart for a Possible Correction. Nifty down to 5931 from 6016. So whats Next ...???

Happened and Yet to :-

>Click the Chart to see on full screen<
20 dma at 5931 or Trend Line as shown on chart may give support next week.

>>Nifty Chart - Hourly<<

As given Last Week :-

>Click the Chart to see on full screen<

Update 08th Jan,2013 - Resistance 6013.

Update on 09th Jan,2013 - Trend Line Broken on Hourly Chart

Happened and Yet to :-

>Click the Chart to see on full screen<

Nifty seems to have completed (v)th or B Wave and falling down for (i) to (v) as marked on above chart.

As far as staying inside the channel as shown on above chart, possibility of upmove there and the alternative count was given last friday.

Already a gap is filled and one more left at 5920 which give support next week

Lets See..

>>>TATA GLOBAL<<<

As given Last week:-

>Click the Chart to see on full screen<

Tata Global Gave Last week as Support at 160

Happened and Yet to :-

>Click the Chart to see on full screen<

>Performance<

>Click the image to see on full screen<

5947 Support

Dear All,

>Click the Chart to see on full Screen<

Unlike Previous Post, have changed counts today as an alternative, shows a Bull scenario if 5947 (today's Low held) Holds.

Since today's fall is not aggressive and held inside a channel as shown on chart, I doubt there can be an another alternative as I marked on chart.

5947 Support is not broken, Nifty may try to test the Resistance 5990, 6018, 6040 and 6060.

Support 5935 and 5915.

Lets see. Cheers!!!

Support 5960

Dear All,

Yesterday Post :-

>Click the Chart to see on full screen<

Happened Today :-

>Click the Chart to see on full screen<

Nifty broken Support 5980 and hold 5960 as shown on chart. Next If breaks 5960, should test 5920 to 5900 level. Resistance 6010-20

>Click the Chart to see on full screen<

above chart shows, long trend line broken today may test the bottom of the support line.

Lets See!!! Cheers!!!

Nifty above 6000 - Still Risky

Dear All,

>Click the chart to see on full screen<

Nifty above 6000. It seems still not safe to Hold Long. Details on Chart.

Lets See!!! Cheers!!!

5980 Support ?

Dear All,

>NIFTY<

>Click the Chart to see on full screen<

As Said on Weekly Review 5980 broken today. Though avg closing above 5980 its important for tomorrow to keep this Support alive.

Else gaps left should fill as given on chart.

>> TATA GLOBAL <<

>Click the Chart to see on full screen<

Tata Global Support at 160.

>> CHAMBAL FERT<<

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Chambal Fertilizer Break Out. Lets See!!!

Weekly Review - 07.01.2013

Dear All,

>>>NIFTY-WEEKLY CHART<<<<

>>click the chart to see on full screen<<

Weekly Chart suggest Bulls Strong Hand. Price closed above 78.6% retrace and 5 weeks MA shows the the strength of Bulls.

But MACD move is slightly discouraging.

>>>NIFTY-DAILY CHART<<<

>>click the chart to see on full screen<<

Daily Chart - Hanging Man Suggest a possible correction.

Resistance 6034, 6080 and 6150

>>>NIFTY-HOURLY CHART<<<

>>click the chart to see on full screen<<

Nifty Chart - Hourly Suggest the current upmove as (i) to (v) got completed.

1) sub wave (b) got completed
(2) or 5th wave got completed

Support 5980 if broken may see a fall.

>>>Performance<<<

On the Line of FIRE ???

Dear All

Two alternatives has be explained on chart.


>>>BANK NIFTY<<<

Bank Nifty Support 12650.

Lets See!!! Cheers!!!

Next Resis 6003-06 ???

Dear All,

>>Click the chart to see on full screen<<

Nifty made a gap up and crossed 5965, halted near 6006 or 127.2% retrace of wave A.

Next alternative is a-b-c-d-e has done wave 4 at 5864, means wave 5 should continue the up move.

Lets see!!! Cheers!!!

5965 Hurdle for Bulls

Dear All,

>Click the Chart to see on full screen<

5965 Crucial Resistance for Bulls.

After a Gap Up Opening on New Year Eve, its seems many counts changed and many stocks also changes their pattern.

All these happened when US Senate approved an agreement to raise taxes on the wealthy and stave off deep spending cuts, hours after the White House and Senate Republicans hatched a New Year’s Eve deal to keep the U.S. from falling off the fiscal cliff.

Back Home its seems like Market is expecting a Rate Cut Soon from RBI.

Above Chart shows a Possible double top or a Completion of B Wave, looking for a Fall in C Wave.

Break above 5965 may turn bullish and we should recount it, which i have not given here.

Lets see!!! Cheers!!!

Happy New Year 2013

Dear All,

It seems Market waiting for US Fiscal Cliff Deal.

Second quarter current account deficit has hit an all time high of 5.4% of gross domestic product as exports fell by 12%. Also trade deficit has climbed to USD 48 billion.

No change in Nifty Levels, So lets see how Nifty react on the the New Year.


WISH YOU ALL A VERY HAPPY NEW YEAR 2013.

Cheers!!!

Weekly Report - 31.12.2012

Dear All,

As like Last week the US Fiscal Cliff Fear still ON. So the Deadline on Monday, Dec 31st.

Meanwhile Market likely to focus on India's current account data for July-September due on Monday also with any hike in petrol prices by the government to reduce the mounting subsidy burden of oil marketing companies.

Meanwhile PMEAC Mr. Rangarajan again said that the reversal of monetary policy stand by the Reserve bank will come only when inflation shows definite signs of decline.

Lets see what Technical's Says.

>>> NIFTY - DAILY <<<

>click the chart to see on full screen<

Nifty almost inside the triangle for last 1 month, break on either side should decide the trend.

>>>NIFTY-HOURLY<<<

>As given on Last Weekly Review<

>click the chart to see on full screen<

As wrote on Last weekly Review, Nifty moved up above 5900, also i advised not to short. As expected Nifty moved up nicely and made a high of 5930.

So whats next ??

>>>Happened and Expectation<<<

>click the chart to see on full screen<

Unlike Last week, Nifty again doing an a-b-c-d-e correction as shown on chart. Two alternatives given on chart with explanations. Resistance 5910 should be broken on the upper side for any upmove.

>>>TATA STEEL - WEEKLY STOCK<<<

>click the chart to see on full screen<

Tata Steel - Looks week in short term. As shown on chart have broken the trend line and may touch the bottom of the channel line. Lets see!!!

>>>PERFORMANCE<<<

>>Click the Image to see on full screen<<
Almost Neutral or small Negative Performance this Month. Some Mid-Cap did not performed as I expected. IFCI,Siemens,JpPower and SunTV did not Performed as I expected. Hope to do it Nicely Next Month. Lets See!!!